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Catalyzing Regional Growth in Crimea
                       Black Sea Economic Forum, 8 October 2011




James Wilson
EUUBC
103, Avenue de
 l’Armée, B1040 Bruxelles
        87, Kievskiy
Ave, 83007, Donetsk, Ukrai
             ne                Promotion of Crimea in London
    50B , Zhylyanskaya            and Brussels May 2011
    Street, Kyiv, Ukraine
                         www.euubc.com
   February 2011:             Goals:
    Establishment of The       Increase Foreign
    Agency for Regional         Investment
    Development in the
    Autonomous Region of       Develop local
    Crimea with financial       infrastructure
    support from the EU
    and technical support
    from the UNDP


Support from European
                                Private Investment
Institutions
May 2011                 Goals:
 Agreement on            Supporting social
  support of the           and economic
  “Joint Cooperation       development of
  Initiative in Crimea     Crimea
  (JCIC)” signed with     specific focus on
  the European             tourism
  Commission in           building social
  Brussels with a          infrastructure
  budget of €12           promoting Foreign
  million.                 Direct Investment
EU keen to do more to encourage and promote
regional development particularly in Crimea
   Support ARC ambition and vision to:-
    ◦ Establish friendly and welcoming business climate
    ◦ Develop improved image and branding
    ◦ Promote a stable and attractive FDI environment

   Reduce disparity and development gap with other regions in
    Ukraine

   Key element in process of political association and economic
    integration

      Crimea first Region in Ukraine to secure EU Regional
                     Development Budget Line
Catalyzing regional growth in Crimea. By James Wilson
85 Partners from the
                  EU, Turkey and the
                  Eastern Partnership
                  countries:




A European Commission initiative, managed by EUROCHAMBRES, implemented by the East Alliance and co-financed by the European Union
                                                                                                  www.east-invest.eu
   Important goals for growth
   Key flagship projects developing transport
    potential
    ◦ Transport infrastructure
    ◦ Airport construction
    ◦ Port development
   Key tourism projects
    ◦ Hotel development
    ◦ Cruise terminal development


                  www.ard.crimea.ua
The Cruise Industry has yet to gain
traction in the Black Sea compared with
other parts of Europe, where the industry
is well established
Sea Basin    Passengers       Tourist Spend     Value Added
                                        €                €

 Mediterranean     1.1 bn             1.3 bn           607 m


 Baltic Sea        146 m              183 m             73 m


 North Sea         103 m              131 m             59 m


 Black Sea         1.3 m              1.7 m             .6 m



Distribution of cruise tourist spending (in euros)
                       calculated by EU sea basin
                                         Source: Study by European
                            Commission on Maritime Industry in 2009
   According to the Regional Development
    Agency for Crimea: “Development of Crimea’s
    hotel industry, specifically through attracted
    investment, is a growing priority. There are
    currently more than 30 investment projects in
    the pipeline to develop the ARC’s hotel
    industry.”

   InterContinental Hotels Group sets sights on
    growth in Russia Plans for 100 hotels in
    Russia and CIS by 2020
Develop long term strategic
partnerships for growth
   Hospitality training
   Language training
   Recruitment centres for global brands
   Building supply and distribution for global
    brands
EU UNDP and other
International Institutions
identify support key
projects and provide
legitimacy/transparency
for investors                Improved Branding, Image
                             and Business Environment
                             of Crimea attracts Investors
                             and International
                             Corporations to invest in
                             flagship projects
Questions?

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Catalyzing regional growth in Crimea. By James Wilson

  • 1. Catalyzing Regional Growth in Crimea Black Sea Economic Forum, 8 October 2011 James Wilson EUUBC
  • 2. 103, Avenue de l’Armée, B1040 Bruxelles 87, Kievskiy Ave, 83007, Donetsk, Ukrai ne Promotion of Crimea in London 50B , Zhylyanskaya and Brussels May 2011 Street, Kyiv, Ukraine www.euubc.com
  • 3. February 2011:  Goals: Establishment of The  Increase Foreign Agency for Regional Investment Development in the Autonomous Region of  Develop local Crimea with financial infrastructure support from the EU and technical support from the UNDP Support from European Private Investment Institutions
  • 4. May 2011 Goals:  Agreement on  Supporting social support of the and economic “Joint Cooperation development of Initiative in Crimea Crimea (JCIC)” signed with  specific focus on the European tourism Commission in  building social Brussels with a infrastructure budget of €12  promoting Foreign million. Direct Investment
  • 5. EU keen to do more to encourage and promote regional development particularly in Crimea  Support ARC ambition and vision to:- ◦ Establish friendly and welcoming business climate ◦ Develop improved image and branding ◦ Promote a stable and attractive FDI environment  Reduce disparity and development gap with other regions in Ukraine  Key element in process of political association and economic integration Crimea first Region in Ukraine to secure EU Regional Development Budget Line
  • 7. 85 Partners from the EU, Turkey and the Eastern Partnership countries: A European Commission initiative, managed by EUROCHAMBRES, implemented by the East Alliance and co-financed by the European Union www.east-invest.eu
  • 8. Important goals for growth  Key flagship projects developing transport potential ◦ Transport infrastructure ◦ Airport construction ◦ Port development  Key tourism projects ◦ Hotel development ◦ Cruise terminal development www.ard.crimea.ua
  • 9. The Cruise Industry has yet to gain traction in the Black Sea compared with other parts of Europe, where the industry is well established
  • 10. Sea Basin Passengers Tourist Spend Value Added € € Mediterranean 1.1 bn 1.3 bn 607 m Baltic Sea 146 m 183 m 73 m North Sea 103 m 131 m 59 m Black Sea 1.3 m 1.7 m .6 m Distribution of cruise tourist spending (in euros) calculated by EU sea basin Source: Study by European Commission on Maritime Industry in 2009
  • 11. According to the Regional Development Agency for Crimea: “Development of Crimea’s hotel industry, specifically through attracted investment, is a growing priority. There are currently more than 30 investment projects in the pipeline to develop the ARC’s hotel industry.”  InterContinental Hotels Group sets sights on growth in Russia Plans for 100 hotels in Russia and CIS by 2020
  • 12. Develop long term strategic partnerships for growth  Hospitality training  Language training  Recruitment centres for global brands  Building supply and distribution for global brands
  • 13. EU UNDP and other International Institutions identify support key projects and provide legitimacy/transparency for investors Improved Branding, Image and Business Environment of Crimea attracts Investors and International Corporations to invest in flagship projects